The Artificial Intelligence Or Machine Learning (AI/ML) Medical Device Global Market Report 2023, provides comprehensive information on the artificial intelligence or machine learning (ai/ml) medical device market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
Learn More On The Artificial Intelligence Or Machine Learning (AI/ML) Medical Device Market’s Growth:
The global artificial intelligence machine learning medical device market is expected to grow from $4.32 billion in 2022 to $5.42 billion in 2023 at a compound annual growth rate (CAGR) of 25.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and resulted in increased interest rates affecting many markets across the globe. The artificial intelligence machine learning medical device market is expected to reach $12.99 billion in 2027 at a CAGR of 24.4%.
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Technological developments are a key trend gaining popularity in the artificial intelligence or machine learning medical device market. Major companies operating in the artificial intelligence machine learning medical device markets are concentrating on creating innovative technologies to sustain their position in the market. For instance, in November 2021, Philips, a Netherlands-based company engaged in health technology, launched a new MR 7700 system with an AI-enabled MR (magnetic resonance) portfolio of smart diagnostic systems, optimized workflow solutions, and integrated clinical solutions. This new MR 7700 system with multinuclear clinical capabilities is built to deliver ideal quality diffusion imaging, and sophisticated neuroscience sequences with high homogeneity and linearity bring precision to anatomical and functional imaging, facilitating confident decision-making. The system intends to accommodate the increase in patient loads that many radiology departments are currently experiencing and current, future, and novel clinical and research demands.
The artificial intelligence or machine learning (ai/ml) medical device market is segmented:
1) By Product: System Or Hardware, Software-As-A Medical Devices
2) By Clinical Area: Radiology, Cardiology, Hematology, Other Clinical Areas
3) By End-User: Hospitals And Healthcare Providers, Patients, Pharmaceuticals And Biotechnology Companies, Healthcare payers, Other End-Users
North America was the largest region in the artificial intelligence or machine learning (ai/ml) medical device market in 2022.
The table of contents in TBRC’s artificial intelligence or machine learning (ai/ml) medical device market report includes:
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The Business Research Company is a market intelligence firm that pioneers in market, company, and consumer research. TBRC’s specialist consultants are located globally and are experts in a wide range of industries that include healthcare, manufacturing, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries. Through the report businesses can gain a thorough understanding of the market’s size, growth rate, major drivers and leading players.
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